Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 153/Asr/2014 Assessment Year: 2007-08
penalty action u/s. 271(1)(c) to cover up any leakage possible. Income is computed as under:- Income declared by the assessee Rs. 27020/- Addition as discussed in para-3 Rs. 80000/- Total income Rs.107020/-’ There is no reference to the material considered; the defects observed in the assessee’s claims, etc. in the relevant discussion in the order